Home Blog Page 223

Zus Coffee chasing last bus to quarters in Capital1 showdown

ZUS COFFEE THUNDERBELLES — PVL

Games on Thursday
(PhilSports Arena)
4 p.m. – Nxled vs Farm Fresh
6:30 p.m. – Capital1 vs ZUS Coffee

ZUS COFFEE shoots for the eighth and last quarterfinals seat as it clashes with Capital1 on Thursday in the Premier Volleyball League All-Filipino Conference at the PhilSports Arena.

The Thunderbelles shell shocked the fancied Cignal HD Spikers, 19-25, 25-23, 25-20, 23-25, 15-12, on Tuesday to stay in contention for a seat in the best-of-three quarters against the Petro Gazz Angels.

But ZUS would have to hurdle Capital1 first in their 6:30 p.m. duel to make it a reality.

A setback though would create a three-way tie in Pool A but Cignal would end up advancing since it owns the most FIVB tiebreak points.

“We’re happy because we got a boost before we play Capital1,” said ZUS spiker Chai Troncoso, who unleashed a team-best 21 points in that epic win by the Thunderbelles.

ZUS coach Jerry Yee said they’re eyeing not just to make the next phase but also to become a perennial contender and qualifier.

“For now, we’re still far from being perennial contenders. But we have potential and we will work on that,” he said.

Nxled and Farm Fresh, meanwhile, face off at 4 p.m. in a non-bearing contest in Pool B.

PVL Notes: PLDT has joined Creamline and Petro Gazz as the country’s representatives to the Asian Volleyball Confederation Women’s Champion’s League after the AVC granted a third slot to the host country, which will host it from April 20 to 27 at the PhilSports Arena. — Joey Villar

Capital1 Solar raring to go in PFF Women’s League debut

NEWLY FORMED Capital1 Solar Strikers is filled with excitement as it gears up for its debut in the Philippine Football Federation (PFF) Women’s League.

Owned by sportswomen Milka and Mandy Romero, the country’s newest football team will have Let Dimzon, who has previously coached Kaya FC to the 2023 Women’s League tiara and Far Eastern University to 2015 Women’s Cup diadems, at the helm.

Current and former standouts from the collegiate and pro ranks will make up the core with Emma Young, a 2021 GSC Defensive Player of the Year and 2021 United Soccer Coaches’ First Team All-American, and Arianna del Moral, formerly with Minnesota Aurora FC in the USWL and Birkirkara FC in Malta, as foreign players.

The Romero sisters formed the Strikers on the first anniversary of their volleyball club, the Capital1 Solar Spikers in the Premier Volleyball League.

“We’ve seen the growth of women’s sports here in the Philippines and we’re only here as vessels,” Milka said during Wednesday’s press launch in BGC that was also attended by PFF President John Gutierrez.

“We want to push the legacy that we have experienced ourselves, my sister and I, as players. If we can help one woman, one girl, reach her dream through sports then we’ve done our job.”

Milka previously served as co-captain of the Ateneo women’s football team and a member of the Philippine team.

“It’s full circle for me. And as much as I’m busy with everything, business, you always go back to sports and the community because that’s where we learned everything. And as much as possible, you want to give back, give a platform to more girls not just here in Manila but in other parts of the country.”

Mandy expects the Solar Strikers to give more-established rivals a run for their money.

“It does take time to build a team, to create chemistry. But of course we’re starting out strong also with coach Let at the helm and we also have great players with us. We’re very excited for the future of this team.”

“With the experience of my players, I think we’re ready. Nakikita natin magiging maganda yung competition. So we’re looking forward (to) great results playing against the likes of Kaya Iloilo and Stallion Laguna,” said Ms. Dimzon. — Olmin Leyba

Philippine School for the Deaf pushes boundaries with Milo run

RUNNING is for everyone, including for those who cannot hear their steps.

Two of them were Mhigz Medrano and Aliyah Reese Fernando, who made the giant leap as the Philippine School for the Deaf (PSD) joined the National Milo Marathon Manila leg events for the first time.

“Running is not only for hearing people. The race is for everyone,” beamed Ms. Fernando, through a translation by her teacher Karen Samson, after completing the 3K run at the Mall of Asia Arena concert grounds in Pasay last weekend.

Aside from Mr. Medrano and Ms. Fernando, around 200 students from PSD joined the event as the delegation blazed the trail for persons with disabilities.

Mr. Medrano, for his part, finished the 5K run.

“Other people think that we’re scared to join this kind of activity but we’re not. Though it’s not noticeable with other disabilities, we finally get to join and jive. Everyone is accepted in today’s society and we’re happy for that,” smiled Mr. Medrano, a Grade 11 Technical-Vocational-Livelihood-Information and Communications Technology student.

“Running is about togetherness. There’s no pressure in running,” added Ms. Fernando, also a Grade 11 student.

Both Mr. Medrano and Ms. Fernando ran with their families and friends.

National Milo Marathon events bring together almost 20,000 runners all over the country.

“Milo is incredibly proud and honored to champion inclusivity by welcoming everyone from the PWD (persons with disabilities) community for the first time. We consider this an affirmation of our commitment to making sports accessible to all, empowering every athlete to celebrate their grit and determination to reach success,” said Milo Sports head Carlo Sampan.

“This commitment is further strengthened through our partnerships with Special Olympics, the Department of Education, and the Philippine Sports Commission, as we continue to create more opportunities for PWD athletes to thrive.”

PSD fields varsity teams in badminton, volleyball and basketball, but making the leap to running is just the beginning.

“The PSD excels in ICT but the dream of course is to be known in other fields, not only here in the Philippines but in other countries too. It’s a good start and awareness for us in sports,” said teacher Samson, who joined her students in completing their runs. — John Bryan Ulanday

Rural banks turned digital banks: Boon or bane?

FACEBOOK.COM/SEABANKPHILIPPINES

The Bangko Sentral ng Pilipinas (BSP) lifted the moratorium on new digital banking licenses this year, allowing 10 digital banks to operate in the country. This means that it will grant four available slots for new and existing players if it meets the BSP’s requirements.

This aligned with the central bank’s goal to harness the potential of these banks in bringing positive impact to the financial system while remaining considerate to possible risks.

“New digital bank applicants will be subjected to a rigorous licensing process that will look into their value proposition, business models, and resources capabilities,” the BSP said in a statement.

It reiterated that this follows the standard licensing criteria which includes the assessment of the banks’ ownership and control structure, suitability of shareholders, fitness and propriety of directors and senior management, adequacy of capital, as well as banks’ strategic and operating plan, including an appropriate system of corporate governance and risk management.

The BSP said in an e-mail that its digitalization agenda includes not only traditional banks but also rural banks.

Given this, the agenda will encourage customers to better serve them by making services accessible online on the back of their brick-and-mortar banking operations.

Thanks to BSP’s Rural Bank Strengthening Program (RBSP), coupled with the initiatives of rural banks’ themselves, the rural banking system in the country remains strong and stable, Rural Bankers Association of the Philippines (RBAP) Executive Director Rafael Francisco D. Amparo said in an e-mail.

Launched in 2022 by the central bank, the RBSP is a structured program which aims to strengthen the rural banking landscape to provide better services to rural areas.

Among those expected to apply for digital bank licenses are financial technology (fintech) companies that entered the market through rural banks.

Previously, several rural banks have been used as an entry point for foreign fintech companies to establish digicentric financial institutions.

Among these are Singaporean-based consumer internet company Sea Ltd. and Streetcorner Group, an association between Indonesia-based fintech company Akulaku and nonlife insurer Metropolitan Insurance Co., Inc.

Sea, which owns the e-commerce platform Shopee, acquired Banco Laguna, Inc. in 2020 and later on launched its digital banking app SeaBank in June 2022.

On the other hand, Streetcorner Group started the digital transformation of Rural Bank of Cavite City, Inc. and launched OwnBank in June 2022.

“We believe that these rural banks that transitioned to digital banks were always meant to be digital banks in the first place,” RBAP’s Mr. Amparo said.

He emphasized that these banks’ foreign fintech shareholders recognized the appropriateness of acquiring rural banks as an entry strategy and then developing digital capabilities until reaching maturity as a digital bank.

He said that digitalization provided rural bank clients fast and convenient services to rural bank clients and noted that utmost care should be observed to manage the vulnerabilities that digitalization inadvertently opens.

BE COMPLIANT
The central bank recognizes this value, and the contribution foreign investors bring in to drive growth in the financial system.

However, it still stands its ground: rural banks operating as digital banks should comply with regulatory requirements and upgrade their licenses.

“No bank should be operating as a digital bank using a rural banking license unless they convert their license to a digital banking license,” the BSP said in an e-mail.

“Some of these investors have bought a few rural banks to convert them into digital banking platforms. While new investment is a positive development, it requires careful assessment due to potential regulatory and financial risks,” the BSP said.

“While we do not see material risk at this point, we don’t want digital banks created via the ‘backdoor,’ or operating under rural banking regulations,” it added.

“If a rural bank is acting like a digital bank, then it should comply with the appropriate capital and other regulatory requirements for a digital bank,” the central bank said.

The BSP also emphasized that foreign entities must understand the local financial landscape to manage risks effectively.

The new technology, it said, would help rural banks become more resilient, improve operations, and enable them to offer better financial products and services to their original market through more distribution channels.

It is a good move that rural banks are shifting towards digitalization, however, adherence to regulatory compliances should be considered.

There are possible risks if they fail to meet the requirements set by the central bank.

According to the BSP, rural bank turned digital banks will face higher capital and prudential requirements but will be given a transition period to comply and the central bank will closely monitor its progress and ensure timely regulatory interventions.

The BSP said that complying with the higher capital requirements and specific regulations are among the main measures rural banks should adhere to. 

Rural banks-turned-digital banks must maintain a minimum capital of P1 billion, under the BSP Circular No.1154.

Additionally, the BSP will apply targeted supervisory actions to thrift, rural, and cooperative banks converting to digital banks or digitalizing their operations, setting key indicators to assess their digital operations.

These measures will include regulatory requirements on capitalization, prudential ratios, and governance.

“Ultimately, these digital banks will be supervised based on their risk profile and activities,” the central bank said.

NEOBANKS
Aside from digital banks, another nontraditional financial entity has been gobbling up rural banks — the neobanks.

Neobanks are a digital-only financial intermediaries that operates through applications and websites but still offer services and operations similar to banks (or in this case, rural banks).

RBAP’s Mr. Amparo earlier said that neobanks are the “way forward” for the rural banks.

Netbank (A Rural Bank), Inc., (Netbank), formerly Community Rural Bank of Romblon (Romblon), Inc., is operating as a neobank but with rural banking license.

Founded in 2019 by Gus Poston and David Paulo Dela Paz, it was the first banking-as-a-service platform in the country, which aims to help other fintech companies offer financial products.

“[Netbank] does not hold a digital bank license but operates as a fully digital-focused financial institution, categorized as a neobank,” Netbank Executive Director and Head of Branch operations Alexandra Q. De Chavez said in an e-mail. 

“The Bank plans to retain its rural banking license, utilizing its existing regulatory compliance and service offerings through the previously secured EPFS (Electronic Payment and Financial Services) and EMI (Electronic Money Issuer) licenses,” Ms. De Chavez said.

Salmon, also known as the Rural Bank of Sta. Rosa Laguna, Inc., is another neobank operating under a rural bank license.

The neobank was founded by Pavel Fedorov, George Chesakov, and Raffy Montemayor and its services include buy now, pay later credit products, as well as high-interest rate deposits.

It bought 59.7% of the rural bank in 2024.

Salmon’s chairman, Raffy Montemayor, explained that they are not a digital bank but Salmon is “building a modern bank with branches, ATMs, and other types of physical presence and with customer interactions held offline, online, and everything in between.”

Mr. Montemayor added that Salmon plans to upgrade to a thrift bank license subject to BSP’s approval which will build its presence in the country through various channels and a capital base more than what most digital banks have.

“Unlike digital banks, we will combine physical branches with best-in-class technology solutions, ensuring access to customers both offline and online,” he said in an e-mail.

‘COOPETITION’
If rural banks will convert to digital banks, then it meant that it would face higher capital and prudential requirements. The BSP said that it will monitor these banks’ progress and ensure timely regulatory interventions.

“Rural banks should assess the financial, technological, and operational resources needed for digitalization,” BSP said.

This includes acquiring tech infrastructure and innovations like cloud-based core banking systems, cybersecurity, and fraud management tools.

The central bank also added that management and staff should build the technical expertise necessary for successful digital transformation.

“Digitalization creates unique challenges for the entire financial system,” RBAP’s Mr. Amparo said. “We are confident that the rural banking industry and the entire banking industry for that matter can turn these threats into opportunities for cooperation and collaboration.”

For its part, the central bank sees digital banks as key drivers of financial inclusion contributing innovative financial solutions.

“With the rise of digital-focused rural banks, the BSP anticipates a ‘coopetition’ dynamic among these institutions, benefiting all stakeholders,” the central bank said. — AMPY with KHH

Global trade war looms as Trump’s metal tariffs kick in

STEEL BARS are pictured at a metal-mechanical parts factory in Apodaca, Mexico, March 11, 2025. — REUTERS

WASHINGTON — President Donald Trump’s increased tariffs on all US steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US and drawing swift retaliation from Europe.

Mr. Trump’s action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals and extends the duties to hundreds of downstream products made from the metals, from nuts and bolts to bulldozer blades and soda cans.

Mr. Trump’s hyper-focus on tariffs since taking office in January has rattled investor, consumer and business confidence in ways that economists worry could cause a US recession and further lag on the global economy.

The European Commission, the executive arm of the European Union charged with coordinating trade matters, responded swiftly, saying it would impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month.

“We are ready to engage in meaningful dialogue,” Commission President Ursula von der Leyen told reporters, adding she had tasked Trade Commissioner Maros Sefcovic to resume his talks to “explore better solutions with the US.”

“We firmly believe that in a world fraught with geoeconomic and political uncertainties, it is not in our common interest to burden our economies with such tariffs.”

China’s foreign ministry said Beijing would take all necessary measures to safeguard its rights and interests, while Japan’s Chief Cabinet Secretary Yoshimasa Hayashi said the move could have a major impact on US-Japan economic ties.

Close US allies Canada, Britain and Australia criticized the blanket tariffs, with Canada mulling reciprocal actions and Britain’s Trade Minister Jonathan Reynolds saying “all options were on the table” to respond in the national interest.

Australian Prime Minister Anthony Albanese said the move was “against the spirit of our two nations’ enduring friendship” but ruled out tit-for-tat duties.

Tariffs and escalating trade tensions are a form of economic self-harm, and a recipe for slower growth and higher inflation,” he told reporters.

The countries most affected by the tariffs are Canada, the biggest foreign supplier of steel and aluminum to the US, Brazil, Mexico, and South Korea, which all have enjoyed some level of exemptions or quotas.

Mr. Trump initially threatened Canada with doubling the duty to 50% on its steel and aluminum exports to the US but backed off after Ontario province suspended a move to impose a 25% surcharge on electricity exports to the states of Minnesota, Michigan, and New York.

That incident whip-sawed US financial markets already jittery over Mr. Trump’s broad tariff offensive. Asian markets were broadly steady on Wednesday, although Australia’s benchmark closed 9.6% below February’s record high.

The US Customs and Border Protection agency cut off imports qualifying for duty-free entry under quota arrangements well before the midnight deadline, saying in a bulletin to shippers that quota paperwork needed to be processed by 4:30 p.m. local time on Tuesday at US ports of entry or the full tariffs would be charged.

The move was welcomed by US steel producers as restoring Mr. Trump’s original 2018 metals tariffs that had been weakened by numerous country exclusions and quotas and thousands of product-specific exclusions.

“By closing loopholes in the tariff that have been exploited for years, President Trump will again supercharge a steel industry that stands ready to rebuild America,” Steel Manufacturers Association President Philip Bell said.

“The revised tariff will ensure that steelmakers in America can continue to create new high-paying jobs and make greater investments knowing that they will not be undercut by unfair trade practices,” Mr. Bell added.

The escalation of the US-Canada trade war occurred as Prime Minister Justin Trudeau prepared to hand over power this week to his successor Mark Carney, who won the leadership race of the ruling Liberals last weekend.

On Monday, Mr. Carney said he could not speak with Mr. Trump until he was sworn in as prime minister. Mr. Trump repeated on social media he wanted Canada as “our cherished Fifty-First State.”

Canadian Energy Minister Jonathan Wilkinson told Reuters that Canada could impose non-tariff measures such as restricting oil exports to the US or levying export duties on minerals, if US tariffs persist.

Canada, with ample hydropower resources that has made primary aluminum production more cost effective than in the US, has built a commanding position in the US aluminum market, as US smelters once revived by Mr. Trump’s tariffs have been idled.

China remains the number two supplier of aluminum and goods made from aluminum but already faces high tariffs to counteract alleged dumping and subsidies, as well as a new 20% tariff that Mr. Trump has imposed over the past month over fentanyl trafficking.

Domestically, nerves are growing over Mr. Trump’s economic agenda. A small business survey on Tuesday showed sentiment weakening for a third straight month, fully eroding a confidence boost following Mr. Trump’s Nov. 5 election victory. A survey of households by the New York Federal Reserve on Monday showed consumers growing more pessimistic about their prospects. — Reuters

Cities face whiplash of floods, droughts amid rising temperatures

Residents wade through floodwaters amid heavy rainfall in Zhengzhou, Henan province, China July 20, 2021. — CHINA DAILY VIA REUTERS

SINGAPORE — The weather in some of the world’s most densely populated cities is swinging from droughts to floods and back again as rising temperatures play havoc with the global water cycle, a study commissioned by the charity WaterAid showed on Wednesday.

South and Southeast Asia face the strongest wetting trends, while Europe, the Middle East and North Africa are becoming ever drier, researchers found in a study of 42 years of weather data drawn from more than 100 of the world’s most populous cities.

“There will be winners and losers associated with climate change,” said Michael Singer of the Water Research Institute at Cardiff University, one of the authors of the study. “It’s already happening.”

China’s eastern city of Hangzhou and Indonesia’s capital of Jakarta topped the list of cities suffering from “climate whiplash,” or a rapid succession of prolonged floods and droughts, the study showed.

As much as 15% of the cities surveyed also faced the worst of both worlds, with extreme flood and drought risks rising at the same time, among them the Texan city of Dallas, the Chinese commercial hub of Shanghai and Baghdad, the capital of Iraq.

“You can’t just assume that every place can have a similar response to atmospheric warming,” added Mr. Singer. “It doesn’t care who you are, whether you’re wealthy or poor or you have great infrastructure or not.”

China’s coastal city of Hangzhou set a record with more than 60 days of extreme high temperatures last year, and was also hit by severe floods that forced tens of thousands to evacuate.

A fifth of the cities have seen a reversal in climate extremes, with the Sri Lankan capital of Colombo and the Indian financial hub of Mumbai “flipping” to become far wetter, while the Egyptian capital of Cairo and Hong Kong are steadily drier.

Many cities that built infrastructure either to maximize scarce water supplies or mitigate flood damage are now facing entirely different circumstances, and will need to invest to adapt, Mr. Singer warned.

The few experiencing favorable changes include the Japanese capital of Tokyo, London and China’s southern Guangzhou, which had significantly fewer wet and dry months over the period from 2002 to 2023 than in the two prior decades. — Reuters

Japan firms set to offer large wage increases for third straight year

REUTERS

TOKYO — Many of Japan’s biggest companies are expected to offer substantial wage hikes for a third consecutive year when they conclude talks with unions on Wednesday, seeking to help workers cope with inflation and retain staff amid labor shortages.

Last year’s “shunto” or “spring labor offensive” negotiations resulted in the sharpest increase in 33 years, enabling the central bank to exit its decade-long super-loose monetary policy.

Record corporate profits, helped by a weak yen, also support the case for lifting pay and this year economists expect increases to be similar to last year’s average hike of 5.1%.

That hike followed a rise of 3.58% in 2023. Before that, annual pay increases for the preceding two decades were between 1-2% and as a result, Japan’s wage levels remain well behind the average for the OECD grouping of rich countries.

Rengo, Japan’s largest labor union umbrella group with 7 million members, said last week its unions were seeking an average hike of 6.09%, up from 5.85% last year and marking the first time in 32 years that more than 6% has been sought.

Some firms wrapped up their wage negotiations early, responding to union requests in full.

Toyota’s top supplier Denso, for instance, agreed on Feb. 17 to record pay hikes, meeting union demands of 23,500 yen ($160) per person a month and a bonus equivalent to 6.3 months of wages.

Much of the focus on this year’s “shunto” talks is whether there will also be strong pay gains at small- and medium-sized firms which employ around 70% of Japan’s workforce.

Toyota, the bellwether for many Japanese manufacturers, has said it plans to pay more for domestic components to help suppliers fund pay rises.

Broad-based pay increases are seen as a prerequisite for the Bank of Japan to continue to hike its policy rate from a still very low level of 0.5%.

Prime Minister Shigeru Ishiba’s government also wants robust wage hikes to boost consumer spending as the rising cost of food and other necessities have contained inflation-adjusted real wages growth to around zero.

The consumer inflation rate used to calculate real wages, which includes fresh food items but not rent costs, rose to 4.7% year on year in January — the highest reading in two years.

Even a pay raise of 5-5.5% this year would “just offset inflation and not drive consumer spending,” said Kazutaka Maeda, an economist at Meiji Yasuda Research Institute.

The annual pay talks are one of the defining features of Japanese business, where relations between labor and management tend to be more collaborative than in some other countries. — Reuters

Philippine ex-President Duterte to face murder charges at ICC for drug war killings

RODRIGO DUTERTE — PHILSTAR FILE PHOTO

ROTTERDAM (UPDATE) – A plane carrying former Philippine leader Rodrigo Duterte to the International Criminal Court to face charges over his bloody “war on drugs” took off for Rotterdam on Wednesday, after being delayed by a few hours during a layover in Dubai.

Duterte, who led the Philippines from 2016 to 2022, was arrested early on Tuesday in Manila, marking the biggest step yet in the ICC’s probe into alleged crimes against humanity during an anti-drugs crackdown that killed thousands and drew condemnation around the world.

Duterte, 79, could become the first Asian former head of state to go on trial at the ICC in The Hague.

The ICC’s warrant for his arrest says that as president, Duterte created, funded and armed “death squads” in his war on drugs that carried out murders of purported drug users and dealers.

In coming days, he will be brought before a judge and will have the allegations read out in court. Prosecutors accuse him of crimes against humanity for systematic attacks that led to dozens of murders.

A source at the ICC, who spoke on condition of anonymity, said the plane carrying the former president to Rotterdam, the airport serving The Hague, had taken off from Dubai, which was also confirmed by flight tracker websites.

The plane had originally been set to land in the Netherlands around 0600 GMT, but tracking service Flightradar 24 showed it should now arrive around 1613 GMT.

Duterte received medical attention during the layover in Dubai. Philippine broadcaster ABS-CBN News showed on its website pictures of what it said were police doctors checking on Duterte as he lay on an airplane bed.

A spokesperson for the Philippine National Police said the medical checks were routine “regular vital signs and monitoring”.

‘WE ARE FINALLY GETTING JUSTICE’
About 20 anti-Duterte protesters gathered on Wednesday outside the ICC with banners and a mask depicting him as a vampire. A handful of pro-Duterte protesters also gathered at the court building in The Hague.

Back home, for families of Philippine drug war victims, Duterte’s arrest revived hopes for justice.

“I was surprised and felt as if I had been brought back to life because what we have been fighting for is finally coming to fruition – we are finally getting justice for our loved ones who were taken from us,” said Jerica Ann Pico, the widow of a man who was killed during the war on drugs.

His daughter Sara Duterte, the country’s vice president, boarded a morning flight to Amsterdam, her office said in a statement, but it did not say what she intended to do there or how long she planned to stay in the Netherlands.

The ICC’s press office declined to comment. One of Duterte’s lawyers did not immediately respond to a request for comment. Officials in Dubai also did not immediately respond to a request for comment.

SIGNATURE CAMPAIGN PLATFORM
Philippine President Ferdinand Marcos Jr told a press conference on Tuesday that the plane carrying Duterte was en route to The Hague, saying that would allow the former president “to face charges of crimes against humanity in relation to his bloody war on drugs”.

The war on drugs was the signature campaign platform that swept the mercurial Duterte to power in 2016. During his six years in office, 6,200 suspects were killed during anti-drug operations, by the police’s count.

Activists say the real toll was far greater, with many thousands more slum drug users gunned down in mysterious circumstances, some of whom were on community “watch lists” after they signed up for treatment.

Silvestre Bello, a former labour minister and one of the former president’s lawyers, said a legal team would meet to assess options and seek clarity on where Duterte would be taken and whether they would be granted access to him.

Duterte’s youngest daughter, Veronica, plans to file a habeas corpus request with the Philippine Supreme Court to compel the government to bring him back, Salvador Panelo, his former chief legal counsel, said.

The arrest marks a stunning change of fortunes for the influential Duterte family, which formed a formidable alliance with Marcos to help him win a 2022 election by a huge margin.

But Marcos and his vice president have since had a bitter fallout, culminating in Sara Duterte’s impeachment last month by a lower house led by loyalists of Marcos. — Reuters

Greenland’s independence gradualists win election amid Trump control pledge

GREENLAND’s flag flutters on a tourist boat as it sails past icebergs near Ilulissat, Greenland, Sept. 13, 2017. — REUTERS

NUUK, Greenland — Greenland’s pro-business opposition Demokraatit party, which favors a slow approach to independence from Denmark, won on Tuesday’s parliamentary election that was dominated by US President Donald Trump’s pledge to take control of the island.

Demokraatit secured 29.9% of the votes with all ballots counted, up from 9.1% in 2021, ahead of the opposition Naleraq party, which favors rapid independence, at 24.5%.

Since taking office in January, Donald Trump has vowed to make Greenland — a semi-autonomous territory of Denmark — part of the United States, saying it is vital to US security interests, an idea rejected by most Greenlanders.

The vast island, with a population of just 57,000, has been caught up in a geopolitical race for dominance in the Arctic, where melting ice caps are making its resources more accessible and opening new shipping routes. Both Russia and China have intensified military activity in the region.

“People want change … We want more business to finance our welfare,” said Jens-Frederik Nielsen, Demokraatit’s leader and a former minister of industry and minerals.

“We don’t want independence tomorrow, we want a good foundation,” Mr. Nielsen told reporters in Nuuk.

He will now hold talks with other parties to try and form a governing coalition.

The ruling Inuit Ataqatigiit party and its partner Siumut, which also seek a slow path towards independence, won a combined 36% of votes, down from 66.1% in 2021.

“We respect the election outcome,” Prime Minister Mute Egede of the Inuit Ataqatigiit said in a Facebook post, adding that he would listen to any proposals in upcoming coalition talks.

Greenland is a former Danish colony and has been a territory since 1953. It gained some autonomy in 1979 when its first parliament was formed, but Copenhagen still controls foreign affairs, defense and monetary policy and provides just under $1 billion a year to the economy.

In 2009, it won the right to declare full independence through a referendum, even though it has not done so out of concern living standards would drop without Denmark’s economic support.

“I strongly believe that we will very soon start to live a life more based on who we are, based on our culture, based on our own language, and start to make regulations based on us, not based on Denmark,” said Qupanuk Olsen, candidate for the main pro-independence party Naleraq.

Inge Olsvig Brandt, a candidate for the ruling Inuit Ataqatigiit party, said:

“We don’t need the independence right now. We have too many things to work on. I think we have to work with ourselves, our history, and we are going to have a lot of healing work with us before we can take the next step.”

Voting had been extended by half an hour at some of the 72 polling stations across the Arctic island, where some 40,500 people were eligible to cast their ballot, although the final turnout was not immediately available.

INUIT PRIDE
Mr. Trump’s vocal interest has shaken up the status quo and coupled with the growing pride of the Indigenous people in their Inuit culture, put independence front and center in the election.

In the final debate on Greenland’s state broadcaster KNR late on Monday, leaders of the five parties currently in parliament unanimously said they did not trust Mr. Trump.

“He is trying to influence us. I can understand if citizens feel insecure,” said Erik Jensen, leader of government coalition partner Siumut.

A January poll suggested a majority of Greenland’s inhabitants support independence, but are divided on timing.

Early on, the election campaign focused on the anger and frustration aimed at historical wrongdoings by Denmark, according to Julie Rademacher, a consultant and former adviser to Greenland’s government.

“But I think the fear of the US imperialist approach has lately become bigger than the anger towards Denmark,” said Ms. Rademacher.

Reuters spoke to more than a dozen Greenlanders in Nuuk, all of whom said they favored independence, although many expressed concern that a swift transition could damage the economy and eliminate Nordic welfare services like universal healthcare and free schooling.

“We don’t want to be part of the US for obvious reasons; healthcare and Trump,” said Tuuta Lynge-Larsen, a bank employee and Nuuk resident, adding that this election was especially important. “We don’t like the attention, to put it short.”

The island holds substantial natural resources, including critical minerals such as rare earths used in high-tech industries, ranging from electric vehicles to missile systems.

However, Greenland has been slow to extract them due to environmental concerns, severe weather, and China’s near-total control of the sector, which has made it difficult for companies elsewhere to make a profit or secure buyers.

INVESTMENT PLEDGES
Mr. Trump initially declined to rule out military force to take control of the territory, alarming many Greenlanders, although he later softened his stance, stating he would respect the will of the local people and was “ready to invest billions of dollars” if they joined the US.

Mr. Egede has stressed the island is not for sale and advocated for a broad coalition government to resist external pressure. In an interview aired on Monday by Danish broadcaster DR, he dismissed Mr. Trump’s offer as disrespectful, expressing willingness to cooperate with other countries instead.

Denmark’s prime minister has said Greenland is not for sale, but made it clear that it is up to the local people to decide their future.

All six main political parties support independence but differ on how and when it could be achieved.

The pro-independence Naleraq party, the leading opposition force, had gained momentum ahead of the election, bolstered by US interest and fresh accusations of Denmark’s historic exploitation of Greenland’s mineral wealth.

The party believes the US attention strengthens Greenland’s position in secession talks with Denmark and aims to bring a deal with Copenhagen to a vote before the next election in four years. — Reuters

US Education department to cut half its staff as Trump eyes its elimination

RAWPIXEL

WASHINGTON — The US Department of Education said on Tuesday it would lay off nearly half its staff, a possible precursor to closing altogether, as government agencies scrambled to meet President Donald Trump’s deadline to submit plans for a second round of mass layoffs.

The terminations are part of the department’s “final mission,” it said in a press release, alluding to Mr. Trump’s vow to eliminate the department, which oversees $1.6 trillion in college loans, enforces civil rights laws in schools and provides federal funding for needy districts.

Asked on Fox News whether the firings would lead to the department’s dismantling, Secretary of Education Linda McMahon said “yes,” adding that doing so “was the president’s mandate.” The layoffs would leave the department with 2,183 workers, down from 4,133 when Mr. Trump took office in January.

Before announcing the layoffs, the agency ordered offices in the Washington area closed to staff from Tuesday evening through Wednesday, according to an internal notice seen by Reuters. An Education department spokesperson did not immediately respond to questions about the nature of the security issues prompting the closures.

Similar closures served as a precursor to shuttering the headquarters of the US Agency for International Development (USAID), the humanitarian aid agency, and the Consumer Financial Protection Bureau, which protects Americans against unscrupulous lenders.

The layoffs are the latest step in Mr. Trump’s sweeping effort to downsize the government, led by the world’s richest person Elon Musk and his Department of Government Efficiency (DOGE). DOGE has cut more than 100,000 jobs across the 2.3 million-member federal civilian bureaucracy, frozen most foreign aid and canceled thousands of programs and contracts, despite dozens of lawsuits challenging the legality of those moves.

DOGE’s blunt-force approach has frustrated several White House officials and Republican lawmakers, some of whom have confronted angry constituents at town halls. Mr. Trump told department heads last week that they, not Mr. Musk, have the final say on staffing, his first notable public move to restrain the Tesla CEO.

All US government agencies have been ordered to come up with large-scale layoff plans by Thursday, setting up the next phase of Mr. Trump’s cost-cutting campaign. Several agencies have offered employees payments to retire early to fulfill Mr. Trump’s demand.

Affected Education department employees will be placed on administrative leave starting on March 21, the department said.

The union representing more than 2,800 department workers said it would fight the “draconian cuts.”

“What is clear from the past weeks of mass firings, chaos, and unchecked unprofessionalism is that this regime has no respect for the thousands of workers who have dedicated their careers to serve their fellow Americans,” said Sheria Smith, president of the American Federation of Government Employees Local 252.

Mr. Trump and Mr. Musk have argued that the government is wasteful and bloated. DOGE claims it has saved $105 billion in cuts, but it has only publicly documented a fraction of those savings, and its accounting has been plagued by errors.

The federal government reported an estimated $162 billion in improper payments in fiscal year 2024, according to a US Government Accountability Office (GAO) annual report released on Tuesday. The vast majority were overpayments, the report said. Total federal outlays topped $6.75 trillion in that fiscal year, according to the Congressional Budget Office.

The total improper payments figure was down sharply from 2023’s $236 billion, the GAO said.

EARLY RETIREMENT OFFERS
Other agencies have offered lump-sum payments of up to $25,000 before tax to workers who agree to leave their jobs. Among these are the Office of Personnel Management (OPM), the Social Security Administration and the Department of Health and Human Services (HHS), including its Food and Drug Administration.

The buyout offers, combined with another program that eases eligibility requirements for early retirement, are being embraced as a lower-friction way to help meet the Thursday deadline, human resources specialists at several federal agencies told Reuters.

The Trump administration has been grappling with myriad lawsuits after it fired thousands of probationary workers in a first wave of mass layoffs and essentially dismantled entire departments like USAID and CFPB.

The General Services Administration (GSA), which manages the government’s property portfolio, is also seeking approval to offer the buyout payments to workers, according to an e-mail sent by its acting head to staff on Monday and seen by Reuters. The GSA could not be reached for comment outside of US business hours. The Securities and Exchange Commission has already offered bonuses of up to $50,000, Reuters reported.

Human resources and public governance experts said the appeal of the buyout program is that it is voluntary and less vulnerable to legal challenges. It also requires workers who have accepted the offer to repay the money if they take another government job within five years.

“If your strategy is to get as many people out the door voluntarily, that reduces the risk of court orders and opposition to you in the long run,” said Don Moynihan, a public policy professor at the University of Michigan.

Only a couple of agencies have telegraphed how many employees they plan to cut in the second phase of layoffs. These include the Department of Veterans Affairs, which is aiming to cut more than 80,000 workers, and the National Oceanic and Atmospheric Administration, which is planning to cut 1,029 staff.

Despite the looming deadline, no agency has yet submitted its job-cutting plan to OPM, the government’s human resources department that is collating the data, a person familiar with the matter told Reuters. OPM declined to comment.

OPM itself has offered lump-sum payments to some 650 of its employees, according to another person with knowledge of the matter. Employees were given until March 12 to respond.

On Monday, the HR department of the Food and Drug Administration sent an e-mail to all 19,000 employees announcing a Friday, March 14, deadline for a buyout program. Those who accept would have to retire by April 19.

Late on Monday, HHS sweetened its prior offer by adding two months of full pay in addition to the bonus, according to a copy of the e-mail seen by Reuters. HHS could not be reached for comment outside of normal US business hours. — Reuters

Whoscall app becoming a way of life for Filipinos fighting scams

In photo: Creators who shared how the Whoscall app helps them — making it an essential part of their daily routine and a way of life

In a time when digital threats like scam calls, phishing links, and fraudulent messages are everywhere, Filipinos from all backgrounds are taking charge of their online safety with Whoscall — a global anti-scam app.

As part of the #DapatAllMagWhoscall campaign, creators from different fields are sharing how the app helps them stay safe online and how Whoscall has become an essential part of their daily routine, making it a way of life for them.

Freelancers use it to verify unknown numbers, helping them distinguish between real client inquiries and scam calls. Digital natives rely on the app’s Uniform Resource Locator (URL) Scanner — Web Checker — to verify if a website is legitimate before clicking, keeping phishing attacks at bay. Further, they can also use the auto web checker to proactively check the risk of URLs and domains.

Online sellers and entrepreneurs use Whoscall’s caller ID and database to verify buyers, filter out scammers, and report fraudulent transactions. Even everyday Filipinos are sharing their experiences, highlighting how Whoscall has helped them avoid scams and reinforcing its vital role in fraud prevention.

By highlighting these cases, Whoscall reinforces its goal of proving that it is more than just a scam detection tool, offering a range of protective features that make it an essential tool for ensuring security in everyday digital interactions.

Recognizing this shift led to the unveiling of the addition of “Para sigurado ka sa mga texts, calls, and links” (To be sure about texts, calls, and links), reinforcing the idea that Whoscall is more than just a scam detection tool — it also offers a wide range of protective features.

Gogolook Philippines Country Head Mel Migriño pointed out Whoscall’s impact across different professions and its role in promoting digital inclusivity and security.

“The Whoscall App is more than just a tool — it’s a game-changer for professionals and digital users alike. By promoting inclusivity and security, it empowers individuals from all walks of life to navigate the digital world with confidence and peace of mind,” Ms. Migriño said.

Whoscall stands out as a free and user-friendly app, made even stronger by community contributions.

Available for download on both the Apple App Store and Google Play Store, the app is easy to set up — users simply install it, grant the necessary permissions, and register via Facebook or Gmail for seamless integration.

To ensure real-time protection, regularly updating the database is essential.

Whoscall’s effectiveness is reinforced by collaborations with government agencies like the Cybercrime Investigation and Coordinating Center (CICC) in the Philippines. However, its ability to detect unknown calls and risky links is further enhanced by user-generated reports, much like how Waze relies on community input to navigate traffic efficiently.

With the #DapatAllMagWhoscall campaign, the app champions digital safety, emphasizing the importance of protecting individuals from scam calls, suspicious messages, and fraudulent links.

By using Whoscall, users not only safeguard themselves but also contribute to a more secure and fraud-resistant digital space.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

New year, new flavors: Lusso by Margarita Forés arrives at SM Podium

SM Podium elevates its sophisticated dining experience with the launch of Lusso by Margarita Forés — the first Margarita Signature restaurant, established by the celebrated chef and restaurateur Margarita Forés, to become part of SM’s prestigious portfolio. With the festive season in full swing, Lusso offers  the perfect setting to celebrate life’s special moments, whether it’s a holiday gathering, a romantic dinner, or a quiet indulgence with loved ones.

Renowned for her world-class culinary artistry, recognized as Asia’s Best Female Chef in 2016 by Asia’s 50 Best Restaurants, Forés brings her signature touch of elegance and exceptional flavors to this exciting new addition. Lusso promises an extraordinary culinary journey that combines the finest ingredients, impeccable presentation, and flavors that linger long after the last bite. Known for her innovative approach to Italian cuisine and her dedication to celebrating Filipino flavors on the global stage, Forés brings unparalleled expertise and a passion for excellence to every dish. At Lusso, dining becomes more than just a meal — it’s an experience.

Lusso is the perfect setting for creating unforgettable memories. Whether you’re planning an intimate dinner with someone special, hosting a cozy family gathering, or celebrating milestones with your closest friends, the restaurant offers the perfect backdrop to celebrate the season in style.

Lusso is a natural inclusion in SM Podium, seamlessly aligning with its reputation as a haven for elevated experiences through its curated offerings, sophisticated ambiance, and dedication to world-class dining. Offering an exquisite menu designed to indulge the senses, the restaurant is an invitation to savor life’s finer moments.

Signature dishes like the Portobello Mushroom, Asparagus & Goat Cheese Mille-Feuille and the decadent Lobster Linguine highlight Lusso’s commitment to culinary artistry. From sumptuous dishes crafted with precision to an ambiance that radiates understated luxury, Lusso transforms every visit into an unforgettable affair.

Visit Lusso at SM Podium and make this festive season truly special. Whether you’re indulging in a celebratory feast or treating yourself to an unforgettable dining experience, Lusso offers more than just a meal — it’s a taste of refined luxury. Discover more reasons to celebrate, more moments to savor, and more for you at SM, where exceptional dining meets the spirit of togetherness.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.